Should the FCC be required under Federal law to ‘modernize” reporting requirements related to political advertising aired by broadcasters by making reports machine-readable?
That’s the goal of the newly introduced Fair and Clear Campaign (FCC) Transparency Act.
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The company formerly known as Entercom on Tuesday morning will host a conference call to review its third quarter 2021 results.
What can investors and analysts expect to see from Audacy Inc.? Seeking Alpha offers its take on what could come from the audio content creator and distributor that in addition to radio stations owns big podcast producers Cadence13 and Pineapple Street.
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The NAB has filed reply comments to the FCC in connection to the assessment and collection of regulatory fees for FY 2021 by stating that the Commission “must recognize that it is patently unfair to require broadcasters to absorb significant fee increases year after year to not only pay for the costs of regulating broadcasters but also for Commission activities that are primarily for the benefit of other entities in the telecommunications ecosystem.”
Those “other entities,” as the NAB sees it, are the ones that directly benefit from the Commission’s broadband activities.
SAY GOODBYE TO GORDON SMITH NEXT WEEK AT FORECAST 2022. As Gordon Smith exits his role at year’s end as NAB CEO and Curtis LeGeyt prepares to take the helm, what is the state of the broadcast industry from the Beltway view? Steve Newberry, who worked closely with both executives during his own tenure at the NAB, sits down with Smith and LeGeyt in an exclusive Forecast 2022 session covering legal, regulatory, and legislative initiatives under the former Oregon senator’s leadership that have impacted the broadcast industry. It could be your only chance to see Gordon Smith before he retires. There’s still a seat with your name on it! Reserve your spot now by visiting RadioInkForecast.com.
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Salem Media Group, which beat the street with positive growth in the third quarter of 2021, has confirmed that it will be one of a list of presenters at the event formerly known as the MicroCap Conference.
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The broadcast media company that among its holdings includes Bally-branded regional sports networks has just purchased and assumed the rights and obligations under an accounts receivable securitization facility of Diamond Sports Finance SPV.
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Nine months ago, a Bahamian company directed by one of the U.K.’s wealthiest individuals and behind Great Britain’s Global radio empire revealed in a filing with the U.S. Securities and Exchange Commission that it had acquired enough iHeartMedia shares to give it a 8.7% voting interest in America’s biggest audio content creation and distribution company.
Global Media & Entertainment Investments Ltd (GMEI) wanted a bigger non-controlling stake in iHeart — one that could expand to 49.99%, if it chose to. But, iHeart didn’t want this, sparking a transcontinental tiff between the two radio industry giants.
On November 3, GMEI, through its U.S. legal counsel, abruptly ceased its fight for a bigger iHeart stake.
In a short, one-page “Letter of Support” for a pending Petition for Declaratory Ruling of iHeartMedia in what is officially known at the Commission as Media Bureau Docket No. 21-141, Matthew DelNero, the Covington legal counsel for GMEI, updated the record — in his words — on GMEI’s position in the matter.
“Specifically, GMEI expresses its support for iHeart’s Petition, including the proposal that
approval be granted for GMEI and the GMEI Reporting Persons to increase their investment in iHeart up to any non-controlling amount not to exceed 14.99 percent,” DelNero wrote in the letter addressed to FCC Secretary Marlene Dortch.
With that statement, GMEI formally withdrew its request that the Commission grant advance approval of 49.99% non-controlling interest in iHeart, a request that came in response to iHeart’s petition.
In addition to the letter to Dortch, DelNero verbally told Audio Division Chief Al Shuldiner of Global’s change of heart.
What prompted Global to make the change? RBR+TVBR reached out to DelNero on Monday morning. He was not immediately available for a response.
On April 9, the FCC established a formal pleading cycle that sought public comment on iHeartMedia‘s request to win Commission approval for greater foreign ownership and non-U.S. investment. Covington attorney DelNero, on behalf of GMEI, chimed in by calling the iHeart Petition for Declaratory Ruling at the center of the pleading cycle as a “poison pill.”
In early June, a pull-and-tug scenario was unfolding as to who could chime in on what level of advance approval a foreign entity may be granted. In iHeart’s view, it was the sole determination of the FCC to make such a determination. GMEI disagreed, also disputing iHeart’s claim that it was the only party that holds standing on the matter.
This put the companies at odds over just how much ownership GMEI could have in iHeart under “pre-permission” of the FCC. For iHeart, a 14.99% limit was put in play. GMEI wanted that 49.99% advanced OK.
Back in June, GMEI assailed that iHeart’s chosen number of 14.99%—just like its earlier chosen number of 9.99%— was ”arbitrary and commercially motivated.”
It appears that viewpoint has shifted within GMEI.
GMEI has over the years bankrolled Global Radio, the entity that controls U.K. broadcast and DAB brands including LBC, Heart, Capital FM, LBC, Radio X and Classic FM. It is led by Michael Tabor, one of the wealthiest individuals in Britain. His son, Ashley Tabor-King, is the founder of Global.
Historically, The Home Depot has been one of the most prolific users of audio advertising to connect with consumers. Of late, however, its biggest competitor had been the bigger user of spot radio, according to Media Monitors data.
That could soon change.
The Home Depot returns to the Spot Ten Radio report for the week ending November 7, thanks to some 35,115 spot plays as part of a new campaign.
Still, that’s just shy of the spot plays associated with Lowe’s, which dips from last week by total rank; RBR+TVBR does not use the rankings as they include iHeartRadio internal and promotional spots, which iHeartMedia-owned Media Monitors values in the same fashion as fully paid external commercial messages.
Overall, Indeed remains No. 1 (that’s a ranking that is undisputed).
Among auto insurance specialists, State Farm is the clear winner.
Yes, Veterans Day is Thursday. Yet, it already looks and sounds a lot like Christmas. With Hanukkah arriving on November 28, retailers are already in high gear on gift-giving ideas.
For two brick-and-mortar department store brands, the ad activity surged in a significant way.
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Will the FCC and/or Capitol Hill change the media?
What’s to come at the Federal Communications Commission under the formal leadership of Jessica Rosenworcel will undoubtedly impact both radio and television broadcasting companies.
Remember: Rosenworcel voted against the media ownership rule rewrite that the Supreme Court unanimously ruled was lawful, putting the wheels in motion on cross-ownership rule “modernization” formulated under the Pai Commission.
Will that be the end of any meaningful regulatory reform for broadcast media. If Gigi Sohn were to become a Commissioner — a big if, as of today — could more regulations for broadcasters come to fruition?
That’s just one of many things Inside the Beltway that could impact your bottom line in 2022 and beyond. From Capitol Hill to the Commission’s new offices near Union Station, Washington is abuzz with broadcast media bills and proposals.
Who better than Frank Montero, co-managing partner at Fletcher Heald and Hildreth, to lead a Forecast 2022 discussion on the myriad regulatory challenges and opportunities ahead for broadcasters.
Montero has assembled a group of seasoned broadcast professionals who understand the implications, challenges, and opportunities of these issues and how they might play out in the year ahead.
Appearing at this Forecast 2022 exclusive session are Dr. Mark Fratrik, SVP/Chief Economist at BIA Advisory Services; Bob Mc Allan, CEO of Press Communication LLC and PMCM TV LLC; Justin Nielson, Senior Research Analyst/Broadcast Media at S&P’s Kagan; and Colorado Broadcasters Association President/CEO Justin Sasso.
Understanding what happens Inside the Beltway and how it affects you, your stations, and your future business prospects is essential.
Make sure you are in the room for this blockbuster session at Forecast 2022. Register today!It’s being called “the most comprehensive and in-depth source of econometric data and analysis covering the entire U.S. audio media industry for the 2019-2023 period by all three industry KPIs.
Here’s your first look at PQ Media’s “U.S. Audio Media Forecast,” which covers over 40 audio media platforms, channels and categories.
Business growth starts with great information. That’s what you’ll get November 16 at the Harvard Club in New York when you attend Forecast 2022. For full details, including the agenda and registration information, simply visit http://www.radioinkforecast.com.Please Login to view this premium content. (Not a member? Join Today!)
Radio appears to gain strength late in the season, compared to last year.
That’s the head-turning takeaway from James Fennessy and his team at Standard Media Index (SMI).
How does this compare to other media SMI measures?
Economic Forecasting: Broadcast Revenue Trends and Expectations for 2022 With supply chain issues and hiring challenges the Q3 2021 earnings call conversation of choice for Wall Street financial analysts, all eyes are on the first half of 2022. Will automotive finally recover in the second half of 2022? Are certain brands seeing different issues? What about sports gaming? At Forecast 2022, a panel of experts will offer attendees an exclusive and provocative discussion about who is going to “show us the money” in the year to come. For more details and to register for this event, please visit www.radioinkforecast.com today.
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In a significant move that signals a likely lobbying victory for the NAB, the full FCC on Friday released a Second Further Notice of Proposed Rulemaking adopted on November 4 that would allow digital multicast NEXTGEN TV channels to effectively be licensed in the same manner as their host station.
The matter is open for Comments and Reply Comments, with a schedule forthcoming based on the FNPRM’s publication in the Federal Register.
As Gordon Smith exits his role at year’s end as CEO of the National Association of Broadcasters and Curtis LeGeyt prepares to take the helm, what is the state of the broadcast industry from the Beltway view? Steve Newberry, who worked closely with both executives during his own tenure at the NAB, sits down with them in an exclusive Forecast 2022 chat covering legal, regulatory, and legislative initiatives under the leadership of the NAB that have impacted the broadcast industry over the past 12 years, how they will shape and define its future, and what challenges and opportunities lie on the horizon.DON’T HESITATE ANY LONGER. ATTEND FORECAST 2022 BY REGISTERING NOW. Please Login to view this premium content. (Not a member? Join Today!)
The company’s shares were flirting with $167 in Friday’s trading on the Nasdaq GlobalSelect exchange. They bear a 1-year target estimate of $187.67.
For investors, getting in to Nexstar Media Group would involve purchasing the company’s stock at a record high, as NXST has surged from $57.73 in March 2020.
For Simply Wall St., snapping up shares today may still be beneficial. Why? Nexstar is going ex-Dividend next week.
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For Washington, D.C., area residents, a trip to the beach may involve a drive east on U.S. 50 and an excursion to the beaches of Delaware. Among the towns popular with those in the National Capital Region is Rehoboth Beach.
It is here that a 41-year old FM that is presently “The Talk of Delmarva” is being spun. And, the seller is a “resort” … sort of.
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On October 13, RBR+TVBR first reported on the conclusion of Entravision Communications’ licensing agreement with Univision Communications, with Univision opting not to renew the pact at year’s end. As such, Univision will take over the operations of the UniMás and Univision stations serving Orlando, Tampa, and Washington, D.C.
On Friday, it became known that audience measurement services in those three markets will be delivered to Univision exclusively by a company that continues to fuel its desire to compete head-on with Nielsen in the U.S. broadcast TV marketplace.
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On Thursday, no less than eight broadcast media companies released their third quarter 2021 results. The day concluded with concurrent conference calls for analysts and investors from Entravision Communications, and from Salem Media Group.
With Friday’s trading underway, Salem shares were up. And, investors were pleased as the company known for its conservative Talk radio stations and its Christian-themed print and audio media content surpassed analysts’ estimates with its Q3 fiscal report card.
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According to analysts polled by Zacks Equity Research, The E.W. Scripps Co. — a much bigger operation today than a year ago thanks to its merger with Ion Media — was expected to post earnings per share of $0.12 in Q3. That would have reflected an 84.2% year-over-year decline, impacted by fewer political ad dollars.
How did Scripps do?
Much better than those prognostications, thank you. But, it is hardly because of the company’s Local Media unit.
For exclusive perspectives, projections, and visions for the broadcast industry directly from The E.W. Scripps Co. President/CEO Brian Lawlor (pictured, top left), there’s only one place to be on November 16. That’s Forecast 2022, located at the Harvard Club in Midtown Manhattan, New York City. Lawlor is appearing in an Executive Super Session, sponsored by Skyview Networks. It’s your chance to see him in person, alongside the industry’s biggest leaders.
Don’t hesitate: REGISTER NOW!!
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It’s perhaps the ugliest retransmission consent impasse seen in recent months. On Friday, TEGNA took things up a notch by going to the FCC by submitting a cross-complaint against Dish for what it says is “its failure to comply” with the Commission’s “Good Faith” rules.
TEGNA also assails Dish for making “material misrepresentations” about its retransmission consent negotiations to the Commission, and to the public.
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It’s hardly a surprise. The third quarter of 2020 brought broadcast media an incredible amount of political advertising, boosting revenue to unprecedented heights across the broadcast TV landscape.
One year later, with fewer political ad dollars, losses are expected. But, how big the loss is has emerged as the key investor question. At Graham Media Group, the decrease was in the mid-single-digits.
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The third quarter 2021 results from the largest audio content creator and distributor in the U.S., iHeartMedia, were released shortly before the company’s two top leaders, Bob Pittman and Rich Bressler, played host to analysts and investors in a conference call scheduled for 4:30pm Eastern.
How did the company do? As the answer was shared, investors snapped up iHeart shares in immediate after-hour trading on Thursday.
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